If it is a contract for deed be careful on the state as you are physically buying the property and have transfer taxes etc.Once it is boarded, there is a boarding fee of around $40 then you pay anywhere from $15-$35/month for performing notes (Depends on escrow and if it is a fixed or adjustable note).

I want to learn Real Estate to fix abandon properties and turn it into a house where a family can't actually live comfortably.

Investment Info:Single-family residence fix & flip investment in Hallstead.

Investment Info:Single-family residence fix & flip investment in Gardena.

Just my 2 cents but I always go conservative in my estimates and run an analysis of what needs fixing and how long it will last - heating systems, hw heater, roof, appliances, carpet/flooring, plumbing fixtures etc

But what they did was keep it as an in house loan and charge an extra 1% (if i remember correctly) for a fixed 15 year rate then a one time balloon to increase interest for the last 15 years of the note.

Investment Info:Single-family residence fix & flip investment in Oakland Park.

Investment Info:Single-family residence fix & flip investment in Oakland Park.

It’s better to buy rent-ready (life and safety systems OK) but not cosmetically perfect (as in you might fix up the kitchen or bathrooms to add value).

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